Trading levels declined sharply and may well be attributable to the Olympic activities with the volume of each stock traded being unusually low with none trading over 13,000 units up to 10:45 am. Trading picked up subsequently with more securities changing hands with increased volumes. Elsewhere, Access Financial Services Unsecured Variable Rate Note Due 2020 was listed on the Exchange on Monday.
Berger Paints climbed 36 cents to $5.16, Blue Power rose by 50 cents to a new high of $17, Carib Cement fell 45 cents to $27.54, Grace Kennedy fell $1.50 to $45 and Scotia Group jumped $2.10 to $29.20. Lasco Distributors fell 25 cents to $6.75 and Lasco Manufacturing lost 44 cents to $4.51.
The market indices all fell in the main and junior markets, with 11 stocks gaining versus 9 that fell.
At 11:05 am 33 securities traded, resulting in a volume of 1,426,600 shares changing hands. The average number of shares traded amounts to 43,230 units compared to 167,184 units on Friday.
The all Jamaica Composite Index gained 794.76 points to 178,660.46 the Jamaica Stock Exchange Market Index rose 710.66 points to 160,795.99 the Jamaica Stock Exchange combined index fell 73.07 points to close at 171,364.30 points and the junior market index lost 71.36 points to 2,165.11.
Olympics affects trading on JSE – Monday
TTSE trading stays low on Friday
Trading on the Trinidad and Tobago stock market continue to remain low keyed and when it closed on Friday, only 7 securities changed hands resulting in a mere 92,719 shares valued at $2,730,555 being traded as recent buying interest have subsided. At the close, 2 stocks rose, 3 declined and 3 remained unchanged, leading marginal changes in all the market indices. Two stocks closed at 52 weeks’ lows.
The Composite Index lost 2.78 points to close at 1,148.02, the All T&T Index gained 0.01 points to close at 1,811.43 and the Cross Listed Index eased 0.76 at 64.49.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 10 stocks with bids higher than their last selling prices and 7 with offers that were lower.
Gains| Clico Investment Fund advanced by 10 cents to end at $22.65 with 28,123 shares valued at $636,986 trading and Guardian Holdings closed with 1,365 shares changing hands and gained 1 cent to end at $15.52.
Losses| National Commercial Bank fell 10 cents in trading 25,000 shares to close at $2.65 and Unilever Caribbean traded 3,705 shares and fell 7 cents to close at a 52 weeks’ low of $64.40.
Firm Trades| First Citizens traded 506 units to end at $35, Trinidad and Tobago NGL closed with 24,810 shares with a value of $589,238 changing hands at $23.75 and West Indian Tobacco traded 9,210 shares carrying a value of $1,163,315 to close $126.31.
C&W dominates JSE trading – Friday
Cable & Wireless has traded 3.44 million units in the early morning session of the Jamaica Stock Exchange in response to the company’s first quarter results with a rise of 11 percent in revenues but a slippage in net profit as outpayments, depreciation and interest cost rose thus negating the improved revenues. The stock traded between $1.20 and $1.30 so far.
Lasco Distributors was the next largest trade after C&W with 577,869 units at $7.15 followed by JMMB Group 7.50% preference share with 300,000 units and Grace Kennedy with 119,225 units trading at $44.01. The major market indices all rose in the main and junior markets, with 12 stocks gaining versus 10 that fell.
At 10:45 am 30 securities traded, resulting in a volume of 5,015,512 shares changing hands. The average number of shares traded amounts to 167,184 units compared to 246,145 units on Thursday.
The all Jamaica Composite Index gained 686.22 points to 178,604.98 the Jamaica Stock Exchange Market Index rose 613.60 points to 160,746.38 the Jamaica Stock Exchange combined index climbed 823.73 points to close at 172,019.38 points and the junior market index rose 20.94 points to 2,229.56.
TTSE trading sinks low on Thursday
Trading on the Trinidad and Tobago stock market closed on Thursday with only 7 securities changing hands resulting in a mere 8,552 shares valued at $257,682 being traded as recent buying interest have subsided. At the close, 1 stock rose, 3 declined and 3 remained unchanged, leading marginal decline in all three market indices. Two stocks closed at 52 weeks’ lows.
The Composite Index lost 0.04 points to close at 1,150.80, the All T&T Index slipped 0.02 points to close at 1,811.42 and the Cross Listed Index eased 0.01 at 65.25.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 9 stocks with bids higher than their last selling prices and 6 with offers that were lower. National Commercial Bank is under selling pressure with bid to buy 500 units at $2.55 and offer to sell 23,687 units at $2.65 compared to the last traded price of $2.75.
Gains| Scotiabank closed with 1,800 shares changing hands and gained 1 cent to end at $55.52.
Losses| One Caribbean Media lost 10 cents to close at a 52 weeks’ low of $20.89 with 120 units changing hands, Sagicor Financial Corporation closed with 2,551 shares changing hands and fell 1 cent at $6.98 and Unilever Caribbean traded 100 shares and fell 27 cents to close at a 52 weeks’ low of $64.47.
Firm Trades| First Citizens traded 1,850 units to end at $35, Massy Holdings closed with 500 shares changing hands at $55 and Trinidad and Tobago NGL closed with 1,631 shares changing hands at $23.75.